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China Unicom (Hong Kong Stock Hits New 52-Week Low (CHU)

China Unicom (Hong Kong (NYSE:CHU) hit a new 52-week low Thursday as it is currently trading at $12.91, below its previous 52-week low of $13 with 67,870 shares traded as of 9:35 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

NEW YORK ( TheStreet) -- China Unicom (Hong Kong (NYSE: CHU) hit a new 52-week low Thursday as it is currently trading at $12.91, below its previous 52-week low of $13 with 67,870 shares traded as of 9:35 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

China Unicom (Hong Kong has a market cap of $33.06 billion and is part of the technology sector and telecommunications industry. Shares are down 33.6% year to date as of the close of trading on Wednesday.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of GSM and WCDMA cellular, and related telecommunications services primarily in the People's Republic of China. The company has a P/E ratio of 50.1, above the average telecommunications industry P/E ratio of 42.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full China Unicom (Hong Kong Ratings Report.